Genium INET will be upgraded to version 4.0.0260 during the weekend 20-22 November.
Subject to testing and regulatory approval, Nasdaq Commodities will launch Trading and Clearing of Renewable Products, the German Wind Index Future and extend the Ferrous Product Suite with US and ASEAN Hot Rolled Coil and Australian Coking Coal Futures, effective November 23, 2015.
As announced in Exchange and Clearing Message 75/15 , the NAREX-WIDE will be the underlying Index for the new German Wind Index Future - RWDE.
For your convenience, Nasdaq will in conjunction with the Genium INET upgrade, replace the current Product Calendar with an improved Series information report made available through FTP and the Clearing Workstation.
The following rulebooks are affected:
- Joint Trading and Clearing Appendix 2 - Contract Specifications
- Joint Trading and Clearing Appendix 3 – Trading and Clearing Schedule
- Joint Trading and Clearing Appendix 7 – Fee List
Joint Trading and Clearing Appendix 2 - Contract Specifications:
Part B - Special Provisions Relating to Certain Product Types
For the launch of Renewables products, Part B has been amended with a new chapter 7 Renewables Contracts (p.34) setting out the definitions and special provisions relating to the Renewable Contract. These special provisions follow the same pattern as the other special provisions and regulate the setting of Daily Fix, Expiration Day Fix, Option Fix, Option Exercise etc.
Part C – Quotation List
Part C lays out the listing cycles for all contracts. A quotation list for the new Renewables contracts has been added to Part C section 7 (p. 40). The Renewables contract is listed as days, weeks, months, quarters and year.
Part D – Individual Contract Specifications
The following new contracts and individual contract specifications have been added:
Section 6.3 Coking Coal Future (p. 252)
Section 6.5 US Hot Rolled Coil (HRC) Future (p. 256)
Section 6.6 ASEAN Hot Rolled Coil (HRC) Future (p. 258)
Section 7.1 German Wind Index Future – RWDE (Renewables Wind DE) (p. 261)
Changes to the Joint Trading and Clearing Appendix 3 – Trading and Clearing Schedule
The intraday schedule for the Renewables contracts are added to section 1.3 in Trading and Clearing Appendix 3. (p. 4).
Changes to the Joint Trading and Clearing Appendix 7 – Fee List
Appendix 7, the Fee List, has been amended to reflect the new contracts being introduced for trading and clearing under section 2.1.2, 2.2.1, 3.1 and 3.2, ETS / MTS transactions and Block Trades and Exchange Future for Swap (EFS) / Exchange Future for Physical (EFP) respectively.
For more information on the Genium INET upgrade 4.0.0260 kindly see:
http://www.nasdaqomx.com/transactions/technic...t-4.0.0260
For updated rulebooks and appendices please see:
http://www.nasdaqomx.com/commodities/Marketac...s-to-rules
F or further information, please contact Nasdaq Commodities:
Mette Steinsland, Senior Associate General Counsel, phone +47 6752 8071/+47 4003 5118, mette.steinsland@nasdaq.com
Jason Roland Hall, Product Manager Commodities, phone +4684057848 , jason.hall@nasdaq.com
Julian rezende, Product Manager Commodities, phone +4767108511, julian.rezende@nasdaq.com
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com .
About Nasdaq Commodities
Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
NASDAQ OMX Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Oslo ASA are subject to clearing with Nasdaq Clearing.
About Nasdaq Clearing
Nasdaq Clearing is the trade name of NASDAQ OMX Clearing AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomx.com/commodities
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
